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South Africa Outlook Hinges on Virus and Restrictions, SARB Says
JOHANNESBURG (Capital Markets in Africa) — South Africa’s near-term economic outlook is highly dependent on the development of the coronavirus pandemic and the extent of restrictions on business activity to limit the spread, the Reserve Bank said. The government implemented a strict lockdown to curb the virus on March 27. For five weeks, almost all activity, except essential services, were shuttered and most citizens were only allowed to leave their homes only to buy food,…
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